Honestly, yes, I care about the degree... but in a different sense.

To me, a master's is a master's, regardless of which master's degree it is (psychology, social work, etc). But master's vs PhD/PsyD? I prefer the doctorate.

I guess I'm biased though. I have a master's in computer engineering and I know 95% of the stuff MS Computer Scientists need to know, and that's because I'm required to. The degrees are very similar, but not the same, but both degrees can land you the same job. And either degree student is just as capable of doing that one job if they take the time to develop the right skill set and gain the proper knowledge.

For those reasons, I'm not picky about which master's you have or which doctorate you have. BUT, when it comes to psychology, I prefer a psychologist. And yes, I realize that some MSW or LMHC people can be better than PhD/PsyD people, but I've had better luck going the doctorate route because of the types of things a doctorate holder can do, so I'm sticking with what works, I guess.